PSX Witnesses Bearish Trend As KSE-100 Down By 163.43 Points
Umer Jamshaid 11 months ago Fri 07th August 2020 | 06:20 PM
KARACHI, (UrduPoint / Pakistan Point News - 7th Aug, 2020 ) :Pakistan Stock Exchange (psx) witnessed a bearish trend as KSE-100 closed at 40029.69 points as compared to 40166.12 points on the previous working day with negative change of 163.43 points (-0.34%).
Head of Equities InterMarket Securities, Raza Jaffary Friday told APP that there was some negative sentiments in the markets due to continuous rainfalls in the country as it might affect production of some industries.
"Investors offloaded some potions to take the profits and stay at a safe-side during weekend and monsoon rains", he said adding such situation might prevail for some sessions but not for long-term as the government was easing lockdown which would boost the economic activities in the country.
According to pakistan stock exchange (PSE), total volume of shares traded was 728,768,095 while value of shares traded during day stood at 23,005,132,579.